(via TheNewswire)
Highlights
--Confirmation of a 500 x 400 metres, near surface, newly discovered Ni-Cu-PGE mineralisation, open in all directions.
--Drill hole S-341 returned a 21 m thick mineralised magmatic pyroxenite including 2.75 m of massive sulphide at 1.02% Ni and 0.56% Cu from 13 m below surface.
--Drill hole S-342 returned a 38 m thick mineralised magmatic pyroxenite with a 4.35 m of massive sulphide grading 1.58% Ni and 0.65% Cu from 17 m below surface.
--Drill hole S-349 intersecting a 50 m thick magmatic pyroxenite with 16 m of mineralised material and 1.6m of semi-massive sulphide with visible chalcopyrite and pentlandite. Assay results are pending.
In the
Table 1: Assay results for holes S-336 to S-342, core lengths are reported along borehole.
HOLE-ID | FROM | TO | LENGTH | Ni | Cu | Co | Pd | Pt | Au |
m | m | m | % | % | % | g/t | g/t | g/t | |
S-336 | 10.65 | 30.70 | 18.55 | 0.28 | 0.14 | 0.02 | 0.12 | 0.05 | 0.02 |
including | 1.85 | 1.13 | 0.25 | 0.06 | |||||
S-337 | 2.40 | 10.30 | 7.90 | 0.33 | 0.24 | 0.02 | 0.06 | 0.01 | 0.02 |
S-338 | 12.80 | 47.90 | 35.10 | 0.21 | 0.15 | 0.01 | 0.04 | 0.01 | 0.02 |
including | 3.90 | 0.44 | 0.23 | 0.02 | 0.06 | 0.01 | 0.02 | ||
including | 1.00 | 0.52 | 0.13 | 0.03 | 0.11 | 0.01 | 0.01 | ||
52.40 | 59.40 | 7.00 | 0.21 | 0.11 | 0.01 | 0.05 | 0.02 | 0.02 | |
including | 0.40 | 1.05 | 0.50 | 0.05 | 0.15 | 0.03 | 0.06 | ||
S-339 | 14.85 | 26.60 | 11.75 | 0.18 | 0.14 | 0.01 | 0.03 | 0.02 | 0.03 |
including | 0.50 | 0.76 | 0.32 | 0.04 | 0.12 | 0.06 | 0.02 | ||
28.90 | 40.10 | 11.20 | 0.23 | 0.11 | 0.01 | 0.05 | 0.03 | 0.02 | |
including | 1.65 | 0.86 | 0.37 | 0.05 | 0.08 | 0.04 | 0.03 | ||
44.40 | 45.60 | 1.20 | 0.49 | 0.17 | 0.03 | 0.07 | 0.01 | 0.02 | |
48.55 | 49.30 | 0.75 | 0.55 | 0.28 | 0.03 | 0.09 | 0.02 | 0.03 | |
S-340 | 20.30 | 58.85 | 38.55 | 0.25 | 0.13 | 0.01 | 0.07 | 0.03 | 0.03 |
including | 0.55 | 1.61 | 0.23 | 0.08 | 0.37 | 0.01 | 0.01 | ||
including | 0.95 | 0.65 | 0.24 | 0.04 | 0.10 | 0.01 | 0.01 | ||
including | 2.55 | 0.41 | 0.22 | 0.01 | 0.24 | 0.09 | 0.17 | ||
including | 1.50 | 0.41 | 0.24 | 0.02 | 0.10 | 0.02 | 0.03 | ||
including | 0.50 | 0.44 | 0.17 | 0.02 | 0.08 | 0.01 | 0.02 | ||
including | 1.00 | 0.46 | 0.29 | 0.02 | 0.10 | 0.06 | 0.03 | ||
including | 0.50 | 0.71 | 0.14 | 0.04 | 0.09 | 0.01 | 0.01 | ||
61.50 | 67.40 | 5.90 | 0.30 | 0.16 | 0.02 | 0.07 | 0.03 | 0.02 | |
including | 0.70 | 0.94 | 0.48 | 0.05 | 0.12 | 0.02 | 0.04 | ||
S-341 | 13.30 | 17.80 | 4.50 | 0.12 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
28.00 | 51.90 | 16.60 | 0.29 | 0.16 | 0.02 | 0.05 | 0.02 | 0.02 | |
including | 2.75 | 1.02 | 0.56 | 0.05 | 0.14 | 0.02 | 0.03 | ||
including | 0.65 | 1.15 | 0.73 | 0.06 | 0.19 | 0.01 | 0.03 | ||
S-342 | 17.30 | 21.80 | 4.50 | 0.53 | 0.17 | 0.02 | 0.26 | 0.13 | 0.10 |
including | 3.00 | 0.62 | 0.18 | 0.02 | 0.44 | 0.25 | 0.17 | ||
24.60 | 35.95 | 11.35 | 0.22 | 0.12 | 0.01 | 0.23 | 0.09 | 0.34 | |
38.00 | 59.35 | 21.35 | 0.54 | 0.27 | 0.02 | 0.14 | 0.07 | 0.03 | |
including | 4.35 | 1.58 | 0.65 | 0.07 | 0.26 | 0.11 | 0.08 | ||
including | 0.85 | 1.44 | 0.77 | 0.06 | |||||
including | 1.20 | 0.40 | 0.17 | 0.02 | 0.17 | 0.08 | 0.03 |
Thirty-one holes totaling 2,487 m have been drilled to date. Drilling is being conducted using two Sama owned core drill rigs. The target zone is sub-horizontal with a slight dip of 10 to 15 degrees toward the south-west. All holes were drilled vertically.
In
The Samapleu-Grata-Yepleu mineralization is signature of a layered, pipe-like intrusion or conduit-hosted nickel deposits. These rare types of intrusions host the world’s largest Ni-Cu deposits such as Jinchuan, Voisey’s Bay, Kabanga, Eagle,
Sama discovered the Ni-Cu-PGE mineralization when it discovered the Yacouba layered complex of mafic and ultramafic rock. This layered complex was created approximately 2.1 billion years ago by the intrusion of magma through the Man Shield. The Yacouba complex can be traced over a strike length of more than 30 kilometers within Sama’s properties in Côte d’Ivoire.
Figure 1: Sama’s Samapleu project combined exploration permits showing all highly prospecting sectors that remain to be investigated.
Figure 2: Surface map at the Yepleu prospect with visual description on 2023 drill holes.
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Figure 3: Photo of core from drill hole S-341 showing massive sulphide lenses within a 21 m thick magmatic pyroxenite including 2.75 m of massive sulphide at 1.02% Ni and 0.56% Cu.
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Figure 4: Photo of core from drill hole S-342 returning a 38 m thick mineralised magmatic pyroxenite with a 4.35 m of massive sulphide grading 1.58% Ni and 0.65% Cu.
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Figure 5: Photo of core from drill hole S-349 intersecting a 50 m thick magmatic pyroxenite with 16 m of mineralised material and 1.6m of semi-massive sulphide with visible chalcopyrite and pentlandite. Assay results are pending.
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Figure 6:Photo of core from drill hole S-350 at 16 to 19 m from surface, showing massive sulphide stringers a 6.55 m thick mineralised zone. Assay results are pending.
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NI 43-101 and QA/QC
Core logging and sampling was performed at Sama’s Samapleu and Yepleu field facilities. Sample preparations are conducted at the
The technical information in this release has been reviewed and approved by Dr.
Sama has prepared an independent NI 43-101-compliant technical report for the
The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the
The Company is pleased to announce that it has retained the services of
In consideration of the services to be provided, the monthly fees incurred by Sama will be a cash consideration
About
Sama is a Canadian-based, growth-oriented resource company focused on exploring the Samapleu nickel-copper project in Côte d’Ivoire,
Sama’s projects are located approximately 600 km northwest of
Sama owns 70% interest in the Samapleu nickel-copper project in Côte d’Ivoire with its joint venture partner Ivanhoe Electric owning 30%. Ivanhoe Electric has the option to purchase up to a 60% interest in the project.
For more information about Sama, please visit Sama’s website atwww.samaresources.com.
About Ivanhoe Electric Inc.
Ivanhoe Electric (NYSE American: IE, TSX: IE is a
Contact Information:
Dr.
Tel: (514) 726-4158
Mr.
Tel: (604) 443-3835 or (877) 792-6688, Ext. 5
Forward-Looking Statements
Certain of the statements made and information contained herein are "forward-looking statements" or “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements and forward-looking information such as “will”, could”, “expect”, “estimate”, “evidence”, “potential”, “appears”, “seems”, “suggest”, are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or forward-looking information, including, without limitation, the ability of the company to convert resources in reserves, its ability to see through the next phase of development on the project, its ability to produce a pre-feasibility study or a feasibility study regarding the project, its ability to execute on its development plans in terms of metallurgy or exploration, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for delays in exploration or development activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties.
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